Statutory corporate tax rates are among the highest in India but the effective tax rate is relatively lower

Effective tax rate (ETR) in India was 28.24% in 2015-16 according to Union Budget documents whereas the statutory corporate income tax (CIT) rate stands at 34.6% after including surcharge and cess. ETR for European countries refers to 2016 (from European Commission) and for 2013 for others (from Domadaran, NYU-Stern database). Statutory tax rates from OECD (for year 2016) and other sources